Category: Pimco

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US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist

February 8, 2023

Pacific Investment Management Company (PIMCO) expects the U.S. dollar to “continue to lose its appeal as the safe-haven currency of last resort.” The $1.74 trillion asset management firm added that the USD “is likely to fall further in 2023 as inflation falls, recession risks decline, and other shocks abate.” PIMCO Strategist Warns About USD Pacific…
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$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says

October 22, 2021

Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds, public and private pension funds, financial and non-financial corporations, foundations, and endowments. Pimco Getting Into Crypto Pimco’s chief investment…
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